Browse by Topic
More than 40,000 members value HFMA's thought leadership and practical strategies. HFMA is where you need to be.
Get acquainted with the
healthcare finance industry's leading professional association. Find out why our
members rely on HFMA as their go-to source for insight and
Members have many
options for helping them advance their careers. Conferences, seminars,
eLearning, certification, and more -- our education and events will keep you
Connect the dots on today's big issues, explore collaborations, get career-boosting tips, and network with colleagues nationwide at the leading finance conference. Save $100 off the full conference rate when you register by May 8.
Real-time presentations with nationally recognized experts, networking opportunities, and industry solutions—no travel required!
Learn about timely healthcare finance topics and earn CPEs. Most live webinars are free for HFMA members and $99 for non-members. View the latest schedule.
If you're a subscriber to any of our three newsletters, you have access to online education. Learn more or subscribe.
Get the perspectives of leading healthcare finance professionals on today's hottest issues.
Information about leading vendors helps your buying decisions.
Forum members can network during live webinars or access a library of past webinars on topics such as bundled payment, charity care, and ICD-10.
An ever-expanding collection of spreadsheets, policies, job
descriptions, checklists, and more that you can adopt and adapt.
Forum members can submit vexing questions to a panel of experts
using our Ask the Expert service.
Your source for employment solutions.
Find new employment opportunities or
reach out to qualified candidates.
Distinguish yourself as a
leader among your peers and advance your career by earning certification in our
healthcare finance programs.
Get an objective third-party evaluation of products and services used in the healthcare finance workplace.
MAP App is a web-based application that helps organizations improve revenue cycle performance based on industry-standard metrics called MAP Keys.
Find suppliers and products in this comprehensive vendor directory for healthcare finance professionals.
Guidance for understanding and communicating about the price of health care.
Transformation toward value-based healthcare is reshaping the delivery of care, patient expectations, and payment structures.
Improve your revenue cycle performance through standard metrics, peer comparison, and successful practices.
Battling over the size of networks distracts from solving the far more serious problems of cost and quality.
Insurance companies are taking a lot of flak these days for narrowing provider networks. Consumers get upset when their health plan no longer “prefers” their hospitals and physicians. Disenfranchised providers are taking a variety of political and legal actions to fight against exclusion. Policy wonks debate negative and positive implications of restricted choice, positioning network designation as an Affordable Care Act-related issue for the 2014 mid-term elections.
As a health futurist, I’m not sure where this trend is headed. The most likely picture in my crystal ball is one of continued conflict, with roughly equal odds that narrow networks are here to stay and that health plans will reverse course by including more providers in coming years. My expectation is the equivalent of a 50 percent chance of rain, which is completely accurate for a forecast period if half the forecast area gets rain and half does not. (You can find a detailed explanation of this important paradox in my new book, Upgrading Leadership’s Crystal Ball.) Post-reform health care is headed in more than one direction and will end up in many places.
On the other hand, as a medical economist, I believe that narrow networks can be a move in a good direction. If created for the right motives, they address one of the main reasons—inefficient, wasteful production—that our healthcare system, as evolved over the past 50 years, really is unsustainable. Narrow networks are a big change in the medical marketplace, but big change is needed. To me, the key policy question is how to build narrow networks that do the right thing—always providing healthcare services of expected and acceptable quality as inexpensively as possible.
Given the lack of consistent evidence that quality and cost are positively correlated, cutting insurance coverage for high-cost providers is a step forward, as long as beneficiaries can receive care that is of at least the same quality from a network’s remaining hospitals and physicians. Patients may be inconvenienced in the process, but I believe most will ultimately accept a narrow network when transparent and understandable data show they are saving money without sacrificing quality.
The availability of valid (meaningful), reliable (accurate) data on cost and quality thus justifies restricting insurance coverage to smaller provider networks. Overall, I believe that health insurance companies have better data than providers do for purposes of rationalizing access to care. Payers’ data are neither perfect nor perfectly applied, but are good enough (and getting better) to home in on the less expensive care that purchasers and patients—having reached the limits of what they are willing and able to spend on health care—are demanding.
So what’s the strategic financial challenge? Clearly, it’s using data to eliminate waste through performance improvement—limiting panels to providers that always deliver care of acceptable quality at the lowest possible cost. I do not believe providers or payers can do this on their own (i.e., individually). Rather than fighting each other, they should create multi-stakeholder partnerships to build cost-effective networks, not bigger networks.
Jeffrey C. Bauer, PhD, is a health futurist, medical economist, and independent speaker and consultant based in Chicago, and a member of HFMA’s First Illinois Chapter.
Publication Date: Monday, March 31, 2014
Brian Kueppers, founder and CEO, Apex, discusses the importance of a robust patient payment strategy in boosting organization revenue and enhancing patient satisfaction.
Brian Grazzini, CFO, HealthPort, describes the importance of efficient and compliant information exchange and audit management in helping HIM staff spend less time on paperwork and more on mission-critical projects.
Cindy Matthews, executive vice president, Community Hospital Corporation, discusses how rural and community hospitals can use collaborative partnering to position for success through tough market conditions.
Rick Heise, senior vice president, revenue cycle, at Cerner Corporation, discusses the importance of integrating clinical and financial data to excel in health care’s changing payment environment.
Dale Hockel, senior vice president of operations, and Jim Fanelli, CFO, TriMedx, share strategies for elevating clinical engineering through innovative management programs.
Russ Graney, founder and CEO for Aidin, and John Laursen, head of business development for Aidin, share insights on how to improve care transitions between acute and post-acute care settings and incentivize high-quality patient outcomes.
Scott Elston, strategic accounts manager, GE Healthcare Services, describes how substantial cost reduction in health care requires rethinking business strategy and asset use.
Robert Williams, MD, director, Deloitte Consulting LLP, and Arielle Freiberger, product strategist, ConvergeHEALTH by Deloitte, explain how sophisticated retrospective, real-time, and predictive data analytics can inform decision making to reduce costs and improve care.
Stuart Hanson, director of business development (healthcare solutions) at Citi Retail Services, discusses how improving the payment experience can benefit consumers and healthcare providers.
Scott Schmidt, vice president, Cerner RevWorks, LLC, shares insights on best practices for maximizing a revenue cycle management partnership.
©2015 Copyright Healthcare Financial Management Association
HFMA.org is best viewed using IE9 or the latest versions of Chrome, Firefox, and Safari.
Join HFMA today and enjoy: